06/01/1999
On May 31 the Royal Australian Mint opened its doors to become the venue for the official launch of the Coins of the Snowy Mountains Scheme which is celebrating the 50th anniversary since the beginning of construction.
Mr Joe Hockey, Minister for Financial Services and Regulation, showed the onlooking crowd of Snowy employees how to turn a blank into a numismatic show of beauty by striking his own coin on the coining press. Mr Vin Good, the Commissioner for the Snowy Authority, was the lucky recipient of the freshly minted coin this act signifying the official launch of the coin set.
The Coins of the Snowy Mountains Scheme is a set of two fine silver coins, titled Alpine Lake and Tunnel in Construction. Although intended for collector purposes, each coin is Australian legal tender, with a $10 face value.
The set is packaged in an attractive outer box, designed by the daughter of a former Snowy Scheme employee, Jo Mills.
Coin Nominal Specifications
Denomination: $10
Metal: Fine Silver (99.9%)
Mass: 20.77 grams
Diameter: 34.00 mm
Finish: Frosted Uncirculated
Mintage: 20 000 sets
Price: $65.00 per set
